Legislature(2009 - 2010)
2009-08-05 House Journal
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Full Journal pdf2009-08-05 House Journal Page 1213 Direct payment of the production tax credits to explorers and new producers is an important component of the ACES production tax. Timely payments are essential for a stable tax structure. The balance of the oil and gas tax credit fund is approximately $520 million and the Department of Revenue estimates there will be $105 million in outstanding reimbursements due in FY2009, which leaves $415 million available for transfer to the general fund at the end of the fiscal year. I have reduced the transfer from $450 million to $415 million to make sure there are sufficient funds to make timely payments. The reductions we have achieved in the FY2009 and FY2010 operating budgets will be continued in our efforts to slow the growth of government in the FY2011 budget. I appreciate your support in crafting responsible budgets for the state of Alaska. Sincerely, /s/ Sarah Palin Governor" A spreadsheet from the Office of the Governor, Office of Management and Budget, pertaining to budget vetoes accompanied the letter and is on file in the Chief Clerk's office. HB 83 The following letter dated May 21, 2009, was received: "Dear Speaker Chenault: On this date I signed the following bill passed by the first regular session of the Twenty-Sixth Alaska State Legislature and am transmitting the engrossed and enrolled copies to the Lieutenant Governor's Office for permanent filing: CONFERENCE CS FOR HOUSE BILL NO. 83 "An Act making appropriations for the operating and capital expenses of the state's integrated comprehensive mental health program; and providing for an effective date."